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Global Concrete Bonding Agents Market Expected to Grow at a CAGR of 5.8% During 2021-2026, Driven by the Rise in the Investments by Foreign Companies

According to a new report by EMR titled, 'Global Concrete Bonding Agents Market Report and Forecast 2021-2026', the global market for concrete bonding agents is expected to grow at a CAGR of 5.8% in the forecast period of 2021-2026.

The concrete bonding agents industry is being driven by the strong industrial base in the construction industry. The market is further aided by the rise in investments by foreign companies for the reparation of old buildings and in the construction sector. The market is also positively influenced by the enhancing conditions in emerging countries like India and China. Some of the factors affecting the market are inflating disposable incomes, rapid urbanisation, and changing lifestyles.

The market is being driven by the new product launches by the industry key players, like Dow Chemical Company (NYSE: CTVA) and Quikrete Holdings, Inc. Quikrete Holdings, Inc. offers a line of concrete bonding agents by the name of QUIKRETE® Concrete Bonding Adhesive. The product permanently bonds new concrete, stucco, and plaster to existing concrete, stucco, and plaster. The usage of this product eliminates the need to rough the surface before the application. It further exceeds the performance prerequisites of ASTM C 1059 Type I and II. QUIKRETE® concrete bonding adhesive is available in 1 qt. bottle and 1 gallon bottle. The product is used for bonding new concrete to old concrete, bonding applications on concrete overlays 1" or wider, and interior or exterior applications. Such innovative introductions are expected to aid the market growth of concrete bonding agents over the forecast period.

Market Analysis by Product Type, Method, Application, and Region:

  • The concrete bonding agents industry, on the basis of product type, is bifurcated into cementitious latex based and epoxy based.
  • Based on method, the industry is segmented into manual, spraying, and pouring.
  • By application, the industry is categorised into repairing, marine, decorative, and flooring.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for concrete bonding agents is being driven by the inflating disposable income of the population.
  • The market is further aided by the extensive application and ease of using the product.
  • The market is being propelled by the rising demand from the emerging economies for decorative purposes. 
  • The rise in the demand for decorative interior to give aesthetic and pleasing finishing to the residential construction is further providing a boost to the market growth of concrete bonding agents.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for concrete bonding agents for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the product types, methods, applications, and major regions of concrete bonding agents. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Sika AG, BASF SE, Quikrete Holdings, Inc., The Euclid Chemical Company, Dow Chemical Company, and Fosroc, Inc., among others, are the key players in the global concrete bonding agents market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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